The Global Thermal Management Market for ADAS, 2023-2033: Semi-Autonomous Vehicles Emerge as a Major Segment

Dublin, Jan. 29, 2024 (GLOBE NEWSWIRE) -- The "Thermal Management Market for ADAS: A Global and Regional Analysis, 2023-2033" report has been added to's offering.

This report provides a detailed global and regional analysis for the period of 2023-2033. The report delves deeply into the pivotal role of thermal management in supporting the functionality and longevity of ADAS sensors within the automotive industry.

The market, valued at $151.2 million in 2022, is forecasted to expand at a robust compound annual growth rate (CAGR) of 24.06%. This impressive growth trajectory is anticipated to elevate the market's valuation to $1,409.5 million by the end of 2033. Key factors contributing to this surge include the escalating demand for autonomous driving technologies and the integration of semi-autonomous and autonomous vehicles into public transport.

Highlights of the Thermal Management Market for ADAS:

  • Passenger vehicles continue to lead the segment within the ADAS market, attributed to significant investments in autonomous driving research and development.
  • The internal combustion engine vehicles segment shows considerable growth potential; however, electric vehicles are projected to dominate in the long term due to the global shift towards electric mobility and their growing inclusion of ADAS features.
  • Semi-autonomous vehicles emerge as a major segment, underpinned by the automotive industry's rapid advancement towards higher levels of vehicular autonomy.
  • Camera sensors are classified as the predominant sensor segment in the market, playing a critical role in the ADAS functionality for object detection and lane monitoring.

In the latest analysis, the Asia-Pacific region is identified as the leading contributor to market growth, supported by a strong manufacturing base and rising sales of semi-autonomous vehicles. Furthermore, burgeoning markets worldwide, particularly in emerging economies, are poised to offer significant growth opportunities due to increasing demands for safe and efficient transportation.

Recent Strategic Developments:

  1. Product Innovations: Top industry players have introduced groundbreaking materials designed to enhance heat dissipation for electronic components inherent in ADAS, underscoring the commitment to innovation.
  2. Global Expansions: Market leaders have extended their presence internationally, establishing new production sites to cater to the growing demand for silicones in automotive applications.
  3. Regulatory Advancements: With regulations evolving to facilitate autonomous mobility, the market is poised to unlock new opportunities, further driving demand and sales of autonomous vehicles.
  4. Industry Collaborations: Partnerships and agreements continue to shape the competitive landscape, empowering companies to consolidate their market positions and harness technological advancements.

Key Attributes

Report AttributeDetails
No. of Pages159
Forecast Period2023 - 2033
Estimated Market Value (USD) in 2023$0.16 Billion
Forecasted Market Value (USD) by 2033$1.4 Billion
Compound Annual Growth Rate24.0%
Regions CoveredGlobal

Companies Mentioned

  • 3M
  • DuPont
  • Dow
  • Avient Corporation
  • Momentive
  • bdtronic
  • Henkel AG & Co. KGaA
  • Wacker Chemie AG
  • MG Chemicals

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Global Thermal Management Market

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